An Exploratory Research on the formation and performance of Sino-foreign joint venture Based on the Resource Based Theory

摘要

According to the Resource-Based Theory, the Sino-foreign joint venture is established to overcome the resource limits and gain the complementary resources. The resource uniqueness of joint ventures is determined by the resources complementary between the China company and foreign company, which brings about the potential competition advantages and the potential performance for the Sino-foreign joint ventures. In the process of transforming the potential competition advantages and the potential performance into realistic competition advantages and realistic performance, the parent company's control on the resources plays an important role. The reasonable arrangement for the resources control is not only conducive to effectively transfer the parent company's unique resources to the joint venture, but also help to effectively create value in the joint ventures.